********************************************************************************
* Balyuk, Berger, and Hackney (2024)                                           *
* "What is Fueling FinTech Lending? The Role of Banking Market Structure"      *
* The Review of Corporate Financial Studies                                    *
********************************************************************************

clear all
clear matrix

************************   Table IV, Columns (1)-(3)   *************************

* open file *

	use "$code\DATA_Prosper_annual_county_w.dta", clear
	egen sy=group(state_fips year)

* large vs small bank lending *

	reghdfe Ysb1_P large_bank2_P_l small_bank2_P_l ///
		bank_access_l deposits_l log_pop_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_P.xls", ///
		replace stats(coef tstat) tdec(2) auto(2) bfmt(fc)
	
	reghdfe Ysb1_P large_bank2_P_l small_bank2_P_l ///
		bank_access_l deposits_l log_pop_l median_income_l unemployment_l ///
		house_price_chg_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_P.xls", ///
		append stats(coef tstat) tdec(2) auto(2) bfmt(fc)
	
	reghdfe Ysb1_P large_bank2_P_l small_bank2_P_l ///
		bank_access_l deposits_l log_pop_l median_income_l unemployment_l ///
		house_price_chg_l eq_capital_ratio_l liquidity2gta_l ROA_l ///
		nonperf2loans_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_P.xls", ///
		append stats(coef tstat) tdec(2) auto(2) bfmt(fc)	
	
* in-market vs out-of-market bank lending *
	
	reghdfe Ysb1_P out_100_P_l in_100_P_l ///
		bank_access_l deposits_l log_pop_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_P.xls", ///
		append stats(coef tstat) tdec(2) auto(2) bfmt(fc)
	
	reghdfe Ysb1_P out_100_P_l in_100_P_l ///
		bank_access_l deposits_l log_pop_l median_income_l unemployment_l ///
		house_price_chg_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_P.xls", ///
		append stats(coef tstat) tdec(2) auto(2) bfmt(fc)
	
	reghdfe Ysb1_P out_100_P_l in_100_P_l ///
		bank_access_l deposits_l log_pop_l median_income_l unemployment_l ///
		house_price_chg_l eq_capital_ratio_l liquidity2gta_l ROA_l ///
		nonperf2loans_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_P.xls", ///
		append stats(coef tstat) tdec(2) auto(2) bfmt(fc)
	
* separate categories of bank lending *
		
	reghdfe Ysb1_P out_large2_100_P_l in_large2_100_P_l ///
		out_small2_100_P_l in_small2_100_P_l ///
		bank_access_l deposits_l log_pop_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_P.xls", ///
		append stats(coef tstat) tdec(2) auto(2) bfmt(fc)
	
	reghdfe Ysb1_P out_large2_100_P_l in_large2_100_P_l ///
		out_small2_100_P_l in_small2_100_P_l ///
		bank_access_l deposits_l log_pop_l median_income_l unemployment_l ///
		house_price_chg_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_P.xls", ///
		append stats(coef tstat) tdec(2) auto(2) bfmt(fc)
	
	reghdfe Ysb1_P out_large2_100_P_l in_large2_100_P_l ///
		out_small2_100_P_l in_small2_100_P_l ///
		bank_access_l deposits_l log_pop_l median_income_l unemployment_l ///
		house_price_chg_l eq_capital_ratio_l liquidity2gta_l ROA_l ///
		nonperf2loans_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_P.xls", ///
		append stats(coef tstat) tdec(2) auto(2) bfmt(fc)

* NB: Also see Table IA.21 in Internet Appendix *	

************************   Table IV, Columns (4)-(6)   *************************

clear all
clear matrix

* open file - PSEUDO data *

	use "$code\DATA_FC_annual_county_w_pseudo.dta", clear
	egen sy=group(state_fips year)

* large vs small bank lending *

	reghdfe Ysb1_FC_pseudo large_bank2_P_l_pseudo small_bank2_P_l_pseudo ///
		bank_access_l deposits_l log_pop_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_FC_pseudo.xls", ///
		replace stats(coef tstat) tdec(2) auto(2) bfmt(fc)
	
	reghdfe Ysb1_FC_pseudo large_bank2_P_l_pseudo small_bank2_P_l_pseudo ///
		bank_access_l deposits_l log_pop_l median_income_l unemployment_l ///
		house_price_chg_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_FC_pseudo.xls", ///
		append stats(coef tstat) tdec(2) auto(2) bfmt(fc)
	
	reghdfe Ysb1_FC_pseudo large_bank2_P_l_pseudo small_bank2_P_l_pseudo ///
		bank_access_l deposits_l log_pop_l median_income_l unemployment_l ///
		house_price_chg_l eq_capital_ratio_l liquidity2gta_l ROA_l ///
		nonperf2loans_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_FC_pseudo.xls", ///
		append stats(coef tstat) tdec(2) auto(2) bfmt(fc)	
	
* in-market vs out-of-market bank lending *
	
	reghdfe Ysb1_FC_pseudo out_100_P_l_pseudo in_100_P_l_pseudo ///
		bank_access_l deposits_l log_pop_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_FC_pseudo.xls", ///
		append stats(coef tstat) tdec(2) auto(2) bfmt(fc)
	
	reghdfe Ysb1_FC_pseudo out_100_P_l_pseudo in_100_P_l_pseudo ///
		bank_access_l deposits_l log_pop_l median_income_l unemployment_l ///
		house_price_chg_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_FC_pseudo.xls", ///
		append stats(coef tstat) tdec(2) auto(2) bfmt(fc)
	
	reghdfe Ysb1_FC_pseudo out_100_P_l_pseudo in_100_P_l_pseudo ///
		bank_access_l deposits_l log_pop_l median_income_l unemployment_l ///
		house_price_chg_l eq_capital_ratio_l liquidity2gta_l ROA_l ///
		nonperf2loans_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_FC_pseudo.xls", ///
		append stats(coef tstat) tdec(2) auto(2) bfmt(fc)
	
* separate categories of bank lending *
		
	reghdfe Ysb1_FC_pseudo out_large2_100_P_l_pseudo in_large2_100_P_l_pseudo ///
		out_small2_100_P_l_pseudo in_small2_100_P_l_pseudo ///
		bank_access_l deposits_l log_pop_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_FC_pseudo.xls", ///
		append stats(coef tstat) tdec(2) auto(2) bfmt(fc)
	
	reghdfe Ysb1_FC_pseudo out_large2_100_P_l_pseudo in_large2_100_P_l_pseudo ///
		out_small2_100_P_l_pseudo in_small2_100_P_l_pseudo ///
		bank_access_l deposits_l log_pop_l median_income_l unemployment_l ///
		house_price_chg_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_FC_pseudo.xls", ///
		append stats(coef tstat) tdec(2) auto(2) bfmt(fc)
	
	reghdfe Ysb1_FC_pseudo out_large2_100_P_l_pseudo in_large2_100_P_l_pseudo ///
		out_small2_100_P_l_pseudo in_small2_100_P_l_pseudo ///
		bank_access_l deposits_l log_pop_l median_income_l unemployment_l ///
		house_price_chg_l eq_capital_ratio_l liquidity2gta_l ROA_l ///
		nonperf2loans_l ib6.rurality, ///
		absorb(sy) cluster(fips)
	outreg2 using "$code\Table_IV_FC_pseudo.xls", ///
		append stats(coef tstat) tdec(2) auto(2) bfmt(fc)

* NB: Also see Table IA.22 in Internet Appendix *	
		